A new way to assess contractors

The Obama administration is giving agencies a new, standardized way to assess contractors’ work on award-fee or cost-reimbursement contracts. Under the system, contractors will receive bonus money only if they meet or exceed specific preset objectives.

Adjectival ratings Award-fee pool available Description
Excellent 91 to 100 percent Contractor has exceeded almost all preset objectives of the contract
Very good  76 to 90 percent  Contractor has exceeded many preset objectives of the contract
Good 51 to 75 percent  Contractor has exceeded some preset objectives of the contract
Satisfactory No more than 50 percent    Contractor has met overall criteria
Unsatisfactory 0 percent Contractor failed to meet overall criteria

Source: Federal Acquisition Regulation

Featured

  • Government Innovation Awards
    Government Innovation Awards - https://governmentinnovationawards.com

    Congratulations to the 2020 Rising Stars

    These early-career leaders already are having an outsized impact on government IT.

  • Cybersecurity
    cybersecurity (Rawpixel/Shutterstock.com)

    CMMC clears key regulatory hurdle

    The White House approved an interim rule to mandate defense contractors prove they adhere to existing cybersecurity standards from the National Institute of Standards and Technology.

Stay Connected